Growers slow to get wine profits (NZ)

Improved profits being made by wine companies will take about two years to filter through to growers, says Winegrowers New Zealand chairman Stuart Smith. The Deloitte and NZ Winegrowers’s sixth annual wine industry benchmarking survey released this week confirmed what he was hearing on the ground, Mr Smith, of Fairhall, Blenheim, said. Wine companies’ position was improving but no-one was dancing in the streets, reports The Marlborough Express.